Friday, August 16, 2013

Deadweight

Robert Samuelson, one of the Washington Post's legendarily deep-bench of shitty columnists has spent years proclaiming the wonders of the free market...especially when it hurts others.

So this summary from Jonathan Chait is well-done now that Samuelson sees an 'internet guy' buy the WaPo:

Samuelson has spent 30 years lecturing Americans threatened by
competition that they should suck it up. Only now, in the twilight of
his career, does he see himself among them, and his response to this
misfortune — a still-theoretical threat to his comfortable sinecure — is
to wish the source of that competition out of existence.

5 comments:

Every time the local rag publishes yet another pro-globalization the-market-knows-best editorial, I make a point of writing an open letter to the editor "advising" him he could get a freshly minted economics grad from Mumbai to churn out the same rah-rah market hegemonist boilerplate for pennies on the dollar